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DM circle rates may increase by 20%=>Jul,05,2014,TOI,..... This would have effect on land prices on Faizabad Road, Dewa Road, Chinhat, Satrikh Road, Kursi Road, Hardoi Road, Mohaan Road, Rae Bareli Road, Kanpur Road and Sultanpur Road. In Bakshi ka Talab tehsil, the areas, which may witness hike in land price are Sitapur Road, IIM Road, Chandrika Devi Mandir Road and Air Force Station Road.   ||    Realtors expect revival in property market: experts=>Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts said a stable government at the Centre will help revive the property market. Investor sentiment will improve in the realty market leading to rise in housing and office space demand, they said. “The formation of a stable government not dependent on coalition partners will hopefully mean faster decision making and economic reforms. If GDP growth picks up, one of the early beneficiaries would be the real estate industry,” CBRE South Asia Chairman & MD Anshuman Magazine said. Knight Frank India Chairman & Managing Director Shishir Baijal said the economic and political stability would act as a catalyst for revival of the real estate sector in India.   ||    India 3rd on list of 'green buildings' countries outside US=>India has been ranked third on the list of top 10 countries in leadership in energy and environmental design outside America, according to the latest US Green Building Council report.   ||    India's realty sector remains favoured destination: Report=>The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.   ||    Sunnier Days Ahead in Housing, Freddie Says=>The housing market is stronger today than at any point since the Great Recession and has made progress in several key areas after hitting bottom in 2009, Freddie Mac reports in a blog post looking at the state of the housing market heading into spring.   ||    Office space demand to grow by 7 per cent in 2014: DTZOffice space demand to grow by 7 per cent in 2014: DTZ=>Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ.   ||    India's realty sector remains favoured destination: Report=> The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.    ||    Indians most active buyers of property in Dubai=>According to real estate consultancy Cluttons, the relative geographic proximity to India and the large non-resident Indian population in the region are two critical drivers for those looking to park their rupees in Dubai's real estate market.   ||    Tier-III cities drive retail realty market: Jones Lang LaSalle=>Tier-III cities are emerging as attractive destinations for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets, according to property consultant Jones Lang LaSalle (JLL).   ||    Realty sector may see improvement in 6 months=>"As per the stakeholder survey, not just supply and demand for residential property, but price too is expected to witness an upward movement in the next six months," Knight Frank India Chief Economist and Director-Research Samantak Das said in New Delhi.   ||    Millionaires See Real Estate as Top Investment for 2014=>About 77 percent of investors with at least $1 million in assets own real estate. Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year. Twenty-three percent said they expect to invest in real estate investment trusts, the second-most popular choice.   ||    RBI rate hike to hit property market: Credai=>RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate.   ||    Prices May Not Come Down=>The Indian real estate sector continues to be a favoured destination for global investors. The urban population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space.   ||    Shopping mall space supply to more than double in 2014=>Supply of retail space in shopping malls is expected to more than double in 2014 to 11.7 million square feet in the top seven cities of the country compared to last year, according to a report by property consultant Jones Lang LaSalle (JLL).   ||    Realty welcomes home loan rate cuts by SBI, HDFC=>Welcoming the 0.25 per cent rate cut by two of the biggest home loan financiers SBI and HDFC, realty sector participants on Friday said the move will help revive interest in the market   ||    Affordable housing on realty majors' agenda=>Affordable and economically weaker sections (EWS) housing would be the central theme at the annual summit of the country’s leading real estate developers .   ||    Government need to be efficient to trigger housing sector growth=>Credia said government need to be more efficient to accelerate growth in the housing sector.Today Real Estate Sector is the largest generator of economic activity contributing 6.3 percent to GDP & has the ability to drive the economy to a double digit growth.But in order to accelerate growth in the housing sector it is necessary that Govt at all level work efficiently.   ||    Government Scraps TDS on Real Estate Transaction=>After facing opposition from Real Estate developers & other engaged in Realty Sector,the government has decided to not implement one percent TDS on Real Estate transaction as was announced in recent Budget proposals.   ||    Home Prices Rise in 12 cities=>Home Prices roses in nearly half of 26 cities in the three months of September,a report from a state-run bank showed on Thursday,indicating investor's confidence in the sector.   ||    Real Estate emerges as new investment destination for banks.=>Real Estate has emerged as a hot investment destination with banks as project in other sectors of the economy have faltered,prompting banks to rush to fund commercial realty .   ||    LIC HFL cuts loans rates for the festive period.=>LIC Housing Finance Limited (LIC HFL) announced a cut of 0.25 percent in home loan rates & lower processing fee for the festive period.   ||    Uttar Pradesh ranks highest in new investment in Real Estate Sector=>Uttar Pradesh has been ranked top with maximum share of about 40% in the new investment attracted by Real Estate Sector among 20 states across the country during the first quarter of current fiscal,industry body ASSOCHAM said   ||    Salaried Realty Investors in mess as Loan Cost Pinches=>India's deepening economic slowdown,rising cost of living & lower wages revisions & higher interest rate are forcing salaried professionals who had earlier invested in properties to put them up for sale,according to industry experts.   ||    RBI Rate like to hurt housing demand.Realtors=>Real Estate developers have said the Reserve Bank of India's (RBI) decision to hike the key policy rate would lead to increase in finance cost and affect housing demand during festive season.   ||    Diversify reality portfolio by investing in office space.=>Investing in office space helps you diversify your real estate portfolio while earning regular rental income.   ||    RBI bans overseas Purchases,Indian Realty Gains=>To control the outflow of capital from the country,the RBI has brought down the annual cap on automatic outflows from $2,00,000 to $75,000 per individual.   ||    Housing Finance Companies plan to raise $ 1.3 bn=>With Interest rates remaining high housing finance companies (HFCs) led by market leader HDFC have lined up foreign loans of $ 1.3 billion.   ||    World Bank to lend Indian $ 100 million for housing project.=>The World Bank has signed an agreement with Indian Government to provide a $ 100 million loan to help low-income families secure housing loans.   ||    Deduct Tax when buying a house=>Anyone buying an immovable property exceeding Rs.50 Lakh in value will now have to deduct 1% TDS before making a payment to the seller   ||    Govt looks at easing FDI norms for Real Estate=>In an attempt to encourage investor participation in the Indian Housing Sector,the Ministry of Housing and Urban Poverty Alleviation is considering easing norms for foreign direct investment(FDI)in real estate projects.   ||    Govt U-turn - GPA okay for property registration=>The Delhi government issued a new notification to allow registration of properties through General Power of Attorney (GPA).The moves comes over two months after the revenue departments was pulled by the Delhi High Court for planning registration of any sale deed of immovable property through GPA by having misconstrued an earlier Supreme Court order.   ||    Green Homes to attract lower interest rate=>Buyers of Certified Green and energy efficient homes will get homes loans at lower interest rates,with a memorandum of understanding for this being signed on Friday between the The Indian Green Building Council(IGBC)and National Housing Bank(NHB)   ||    Environment Ministry limits ambit of Clearances for Realty Project=>The environment ministry, under pressure from real estate and builders,lobbies and State Government,has limited the ambit of clearances for projects in this sector.Now,local civic authorities will lay down the norms relating to building control and safety in line with relevant master plan.   ||    Rupee Fall May Boost Realty Investment=>Real Estate is again witnessing a lot of inquires especially from NRI's who want to cash in on the drop in the value of rupee.    ||    Real Estate Market Will Lift in FY 2013-14=>With a reduction in interest rates and an expected improvement in macroeconomic condition, it is expected that demand for residential real estate will improve in 2013-2014, enabling higher and better returns on investment (Source Times Property)   ||    Omaxe Q4 FY13 and FY12-13 Earnings Release=>Omaxe Limited, one of India’s leading Real Estate Development Companies, headquartered in Delhi, on 3rd June 2013 reported Consolidated Income from Operations of Rs. 679.67 crore for the quarter ended March 31st 2013 as compared to Rs. 603.58 crore for the quarter ended March 31st 2012, registering a growth of 12.61%.   ||    Property sellers without PAN to bear 20% TDS=>In order to put a check on sale of immovable properties without disclosure of permanent account number (PAN), the government has come up with a new rule. As per this new rule which came into effect from June 1st, 2013, sellers of immovable property will pay 20% tax deduction at source (TDS) on transactions done without disclosing PAN number.   ||    Home Loan sector going strong=>The segment of home loans continues to witness strong growth despite the slowdown in the economy.   ||   
     
  TERMS AND CONDITION
 
  Buyers Kit Infra Developers Private Limited henceforth referred as BKIDPL, is a real estate service provider company. It is in to the business of Real Estate Management which can be defined as a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process, and technology. Through our services we will be able to offer economies of scale and a cost advantage to its clients thus adding value to their processes and work environment. It will also enable the service recipient the freedom to concentrate on its core activity. The services rendered to our clients are based on our understanding of the business and propositions thus made are on the basis of their requirements and the easy of availability of resources. It is thus expected that service pricing variance to be viewed in the same light.

1) Definition : In these terms and conditions (hereinafter referred to as “Terms and Conditions”), the following words and phrases have the meaning stated hereunder unless indicated otherwise:

a) "Affiliate" of BKIDPL shall mean and include
 (a) any company which is the holding company or subsidiary of BKIDPL, or (b) a Person under the control of or under common control with BKIDPL, or (c) any Person of which BKIDPL has a direct or beneficial interest of 15% or more of the voting securities. For the purpose of this definition of Affiliate, “control” together with grammatical variations when used with respect to any Person, means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of the vote carrying securities, by contract or otherwise howsoever.
 b) "Client" shall mean any Person requesting for availing the Services through Request, which Request has been accepted by BKIDPL and shall include the Client and its relatives where the context so requires.
 c) "Locations" shall mean such locations where BKIDPL may provide the Services and as agreed in the Application and such other locations as may be intimated by BKIDPL to the Client from time to time.
d) "Facility" or “Services” shall mean Services offered by BKIDPL to the Client pertaining to Repairs & Maintenance, Manpower Assistance or Consultancy.
e) "Person" shall mean and include individuals, company or corporation, trust, sole proprietorship, partnership firm and any other association of persons whether registered or not.
f) "Website" refers to the website owned, established and maintained by BKIDPL at the URL ‘www.buyerskit.in’.

2) Applicability: The Client shall make request to BKIDPL for use of the Facility. BKIDPL shall be entitled at its sole discretion to accept or reject any Request as may be submitted by the Client. By applying for or availing of the Facility, the Client acknowledges as having read, understood and accepted these Terms and Conditions.

 3) Eligibility : a) All Clients Registered with BKIDPL may avail of the Facility. Only Authorized Users of all Clients would be eligible to avail of the Facility. All or any transactions arising from the use of the Facility shall be binding on the Client.

4) Facility :
a) Sale / Purchase of property both residential & commercial in nature.
b) Renting In / Out of property both residential & commercial in nature.
c) Consultation & guidance regarding investment / sale / purchase / rent in & rent out of property for individual & corporate clients.
d) Plumbing & Water Works: Repairs and maintenance activities are covered in the said service. Major works requiring masonry work will be covered with additional charges as decided by both the parties.
e) Carpentry: Repairs and maintenance activities are covered in the said service. Major works requiring fabrication / alteration work will be covered with additional charges as decided by both the parties.
f) Electricity: Repairs and maintenance activities are covered in the said service. Major works requiring masonry / fitting of new connections / change of burst line will be covered with additional charges as decided by both the parties.
     i) Electrical Appliance repair will be treated as manpower support service where in the appliance will be taken to the concerned repair shop and the actual will be shared with the Client. Based on the consent thus received the appliance will be forwarded for repair.
g) Manpower Support: Office Boys & House keeping services will be provided and detailed activities will be covered as per the agreement executed with the client.
    i) Manpower deployed for the purposes of runner / carrier will be charged on the basis of distance & time. Though utmost care will be taken for the prevention of goods however BKIDPL will not be responsible of any loss / breakage / theft incurred during the transit period.

5) Availability of the Facility :
a) BKIDPL shall endeavour to provide to the Client through the Facility, such services as BKIDPL may decide from time to time. BKIDPL reserves the right to decide what services may be offered to a Client and such offers may differ from Client to Client. BKIDPL may also make additions / deletions to the services offered through the Facility at its sole discretion.
 b) The Facility is made available to Authorized Users on behalf of the Client, at the request of the Client, at the sole discretion of BKIDPL and may be discontinued by BKIDPL at any time, without any notice or communication of any kind. BKIDPL reserves the right to offer the Facility to only those Authorized Users of any Client who are availing the services of specific cellular service providers. The Facility is currently available to Cities with BKIDPL's branches in India. BKIDPL shall have the discretion to extend the Facility to other cities but such extension shall be subject to applicable laws and the jurisdiction.

6) Fees:
a) BKIDPL shall have the discretion to charge such fees as it may deem fit from time to time and may at its sole discretion, revise the fees for use of any or all of the Facility. Such fees shall be notified on the Website and the Client would be expected to appraise itself of the same. Any transactions conducted on behalf of the Client, post such notification, shall imply the Clients acknowledgement and acceptance of the fees posted on the Website. The Client may at any time discontinue or unsubscribe from the Facility either fully or in respect of certain of its Authorized Users by following the procedure prescribed in Term 11 hereof
b) BKIDPL reserves the right to charge and recover from the Customer fees along with applicable taxes for availing the Services at any time as it may deem fit. Failure to pay the charges/fees (including applicable taxes) on or before the specified date will render the Customer liable for payment of interest at such rate as may be stipulated by BKIDPL and/or withdrawal of the Services without any liability to BKIDPL. The fees for the services are listed in Annexure II to the Registration Form. Any amendments to the Terms and /or the fees shall be posted on Website on the Terms and Conditions page by BKIDPL, from time to time.

7)Force Majeure :
BKIDPL’s obligations contained herein will be subject to any occurrence resulting in prevention from or delay or interruption in performing its obligations if such prevention, delay or interruption is due to Force Majeure event, [which would include any event beyond the reasonable control of BKIDPL, including, without limitation, unavailability of any communication system, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind (including concerning the pickup agency or the correspondent banks), riots, insurrection, war or acts of government, changes in legislation and other allied acts of regulatory nature] then BKIDPL shall not be deemed to be in default so long as any such cause or the effect thereof persists and during a reasonable period thereafter within any such obligations capable of being fulfilled. BKIDPL shall not be liable for any action or claim, from any party, arising out of its inability to perform the obligations for the reasons stated herein.

 8)Communication:
The Client agrees that BKIDPL may send information including data, statements and reports to the Client relating to the Facility via electronic mail to an address designated by the Client for that purpose in the Application. The Client recognizes that such information would be of a confidential nature and the information may be intercepted, read, modified or altered by any person during such transmission. The Client agrees that BKIDPL shall not be liable for any inaccuracy, error, interruption, delay in, or omission of any data or information or the transmission or delivery of such data or information nor will BKIDPL be liable for any error, omission or delay in the services provided by any internet service provider or any third party service provider on whose performance BKIDPL is dependant for transmitting such information or data. BKIDPL shall not be liable for damages, whether direct or indirect, arising out of such transmission including but not limited to any breach of confidentiality, loss of privacy, loss of data, business interruption, and delay in delivery or any pecuniary loss.

 9) Change Of Terms:
BKIDPL shall have the absolute discretion to amend or supplement any of the Terms, features and benefits in relation to the Services. BKIDPL may communicate the amended Terms by hosting the same on Website or in any other manner as decided by BKIDPL. The Client shall be responsible for regularly reviewing these Terms, including amendments thereto as may be posted on Infinity and shall be deemed to have accepted the amended Terms by continuing to use the Services.

10)Representations & Warranties :
The Client represents to BKIDPL that:
a) The Client has full power to perform its obligations in accordance with these Terms and Conditions and has taken all necessary action, including all internal and corporate approvals, for execution of the Application and availing of the Facility.
 b) Availing of the Facility from BKIDPL does not or shall not violate or conflict with any law applicable governing the Client and/or any regulatory requirements, any provision of the Client's constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or terms of any contract binding on or affecting it or any of its assets. Provided that the Client shall intimate BKIDPL of any change in any regulatory requirements, the effect of which may be to restrict or prohibit the provision of the Facility.
c) The Client shall be responsible for complying with all applicable laws and regulations in connection with the Facility.
d) The Client shall be solely responsible for any acts, errors, omission or fraud on the part of its employees or agents.
e) The Client hereby agrees that this Facility has been provided only for Location(s) and will not be utilized for any other Location without prior intimation.
f) The Client hereby irrevocably agrees to and consents that BKIDPL may disclose at any time and share with or in any manner make available to any agencies, bureaus, Affiliates, firms, associations, corporate bodies, banks, financial institutions and other persons any information about the Client where such disclosure is necessary under law or where there is a duty to the public to disclose such information or where the interest of BKIDPL requires such disclosure. Additionally, BKIDPL may disclose such personal and financial information about the Client that is in the public domain.
g) The Client further agrees that in case the Client commits default in the repayment of any dues that may arise as a result of the Facility provided by BKIDPL or interest there on or any of the amounts that may be due to BKIDPL or any costs, charges and expenses incurred by BKIDPL on the Client's account, BKIDPL and/or RBI and/or Credit Information Bureau (India) Ltd will have an unqualified right to disclose or publish the Client's name (including the name of the directors) as defaulter in such manner and through such medium as BKIDPL and/or the RBI and/or Credit Information Bureau (India) Ltd in their absolute discretion may think fit.
h) The Client agrees that BKIDPL may appoint an agent or agents on behalf of the Client to avail of the Facility at the sole risk and responsibility of the Client.

11)Termination of the Facility:
The Client may discontinue or terminate use of the Facility hereunder by giving minimum 30 days prior written notice to BKIDPL. Provided that such termination shall not affect the Client's liability to fulfil and complete its obligations in connection with the Facility, including without limitation and services fees or charges, refunds to BKIDPL, etc. The termination of the Facility shall not affect any accrued rights and liabilities of the Client and BKIDPL. BKIDPL reserves the right to terminate or suspend the Facility, in whole or in part, forthwith, at any time without assigning any reason by notifying the Client either through its Website, email, fax or letter or other communication as it may deem fit. In case of a temporary withdrawal or suspension of the Facility, the privileges may be reinstated by BKIDPL at its sole discretion.

12) Privacy:
a) To be able to provide the most relevant information and access to relevant data you might be required to provide some personal information, share specifics and get desired.
b) Any personal information provided shall not be shared without prior consent with any third party, general information however may be revealed.
c) The Client shall be asked to fill in the details while registering only and every effort would be made to secure the information.
d) The user shall be solely responsible for maintaining the confidentiality post registration formalities. The user shall be responsible in entirety for making any transactions with any means / forms of instruments and BKIDPL shall have no liability / responsibility whatsoever regards to the acts of the user.
e) In the endeavour to provide world class experience BKIDPL might use the general information shared by the user to improve upon the service standards and provide efficient and customized experience & to improve marketing and promotional efforts.
f) The user agrees that BKIDPL shall use the personal information provided to deliver the information on areas of interest of the user through various promotional means and varied products. The user reserves the right to select the services offered on the website.
g) BKIDPL complies with all Indian Laws applicable and shall cooperate with all law enforcement inquires in regards to sharing of personal details as and when asked for.
h) All reasonable efforts have been made to ensure that the information provided is authentic. Users are advised to research bonafides of advertisers independently. BKIDPL shall have no responsibility whatsoever in this regard.
   
 
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